Right on Oz. I've got a small stake in this but I agree 100% what you are saying. Totally true. Just because I have a stake in it doesn't mean I will turn a blind eye to logic. I've been trading pennies for a long while now and am now able to clearly view the PR's for what they are. For the new investor to pinks or someone who is not willing to REALLY look at the PR, they are carefully written to make it appear at first glance it is wonderful news. But knowing how 95% of the pinks work, they are a paper printing machine built to pump up the price for unloading of shares. Really analyze what a PR says; LOI's, negotiations, etc. Until a contract is signed nothing is finalized.
Look at EFLN. They are still hyping the app, but have never said if they are getting any of the revenue. I have not seen a PR yet where they have stated they have bought 30% of INEX. Until I see that, in my mind they are getting 0% from any sale of this App and their revenues are 0. Couple that with the supposedly shady history of the people involved in this, you really need to use some logic and common sense on this one.
I am not a pumper, basher, whatever you wish to call these types of people. I have taken a small stake on the original hype a while ago and am waiting on the pop to get out like many others probably are. This thing can definitely pop, with or without news, i am waiting for hopefully a decent pop.
Each person will have their own strategy for trading these, some will be like I was a long time ago and believe that I have found the next big thing. I think in the many, many pennies that I have followed, none of them have panned out, yet many were touted as the next big deal.
Wish I had a penny for all the LOU's that never happened. Definitely would have made more that way than my old style of buying and holding.
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